George Tait Edwards MBE makes the case for the urgent implementation of Keynesian economics to stimulate growth, based on the economic model's previous success in the US, China and Japan... [read more]

George Tait Edwards explains how Shimomuran-Wernerian macroeconomics is the best available path to prosperity once the politicians of the West understand the effectiveness of that option... [read more]

Unemployment is a complex phenomenon. The ultimate roots of all large-scale unemployment is the lack of an adequate economic understanding by a country’s professional economic advisors and its politicians... [read more]

Western governments and their advisors can no longer continue to ignore the work of the master economist Dr Osamu Shimomura (1910-1989) who provided the insights which have produced the high growth of the China Sea economic zone... [read more]

On 21 February I sent an email to the Government of Scotland, suggesting it would be an immense advantage to the “Yes” campaign for Scottish independence if the Scots adopted a policy of having their own currency when independent... [read more]

The Spending Review by George Osborne contained no surprises. But suppose Mr Osborne really understood economics and actually wanted to improve the British economy. George Tait Edwards provides a constructive speech for a competent chancellor... [read more]

Investigative reporter Greg Palast is usually pretty good at peering behind the rhetoric and seeing what is really going on. But in tearing into Senator Elizabeth Warren’s support of postal financial services, he has done a serious disservice to the underdogs... [read more]

Japan was the first Asian country to demonstrate how a self-confident culture, with adequate leadership, could rapidly adopt Western industrial technologies while preserving the integrity of their domestic cultural legacy... [read more]

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies... [read more]

Part 5 of Eric Toussaint's series Banks versus the People: the Underside of a Rigged Game shows that big banks continue playing with fire, because they are persuaded that governments will save them whenever necessary... [read more]

Successive British Governments have persistently denied the importance of industry in the national economy, with some of ministers foolishly regarding industrial decline as inevitable writes George T Edwards... [read more]

It is not easy for any of us to get our heads around the complexities of modern economics. Many capitalists themselves and certainly most politicians no longer understand how the system really works... [read more]

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.... [read more]

While American politicians debate endlessly over how to finance the needed fixes and which ones to implement, the Chinese have managed to fund massive infrastructure projects all across their country, including 12,000 miles of high-speed rail built just in the last decade... [read more]

During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt.... [read more]

While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US... [read more]

In a letter to Federal Reserve Chairman Ben Bernanke, US Representative Alan Grayson and three co-signers expressed concern about the expansion of large banks into what have traditionally been non-financial commercial spheres... [read more]

Ellen Brown reports on how former Peace Corps volunteer Will Ruddick and several residents of Bangladesh, Kenya, face a potential seven years in prison after developing a cost-effective way to alleviate poverty in Africa’s poorest slums... [read more]

Michael Roberts argues that the big "bailouts" of financial institutions have exposed the fallacy behind the "free market" ideologies which have dominated British and American political and economic systems for the past thirty years.... [read more]

It is Labour’s long-standing support for, and failure to challenge, the central tenets of neo-classical orthodoxy that has disabled any challenge they have tried to make to any other aspect of the Tory progamme... [read more]

Remember when Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks?... [read more]

Former UK Environment Minister Owen Paterson this week accused the European Union and Greenpeace of condemning people in the developing world to death by refusing to accept genetically modified crops... [read more]

In an August 2013, journalist Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street ans US Treasury officials to open banking to the lucrative derivatives business... [read more]

George Tait Edwards comments on the comparisons and contrasts between the policies and personalities of Shinzo Abe, the Prime Minster of Japan, and David Cameron, the Prime Minister of the United Kingdom... [read more]

Ever since the decline of European Socialism in the 1980s and the collapse of the Soviet Union in the ’90s, capitalism has considered itself king of the world and has behaved accordingly, says W Stephen Gilbert.... [read more]

In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits.... [read more]

Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF.... [read more]

The investment potential of the Russian economy offers good reasons why it is time for the West to take a more positive attitude towards the country. The President-elect might be doing everyone a favour in the long run, David Morgan argues.... [read more]

Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead... [read more]

In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?... [read more]

It is a most distressing sight to see various education ministers and other self seeking professionals falling over each other to gain credit at the expense of so many poor teachers and their most unfortunate children... [read more]

The policy of the Coalition Government is not the much-trumpeted and unachievable aim of a balanced budget but the deliberate lowering of median British living standards and the production of more poverty... [read more]

George Osborne may be just about the last person in Britain to believe that austerity offers a real path to recovery from recession and the resumption of growth - and it may be doubted that even he remains a true believer, writes Bryan Gould... [read more]

In 1864, Abraham Lincoln wrote a letter that predicted where the US was heading - the world he warned about is the world we now have as bankers control the money supply having the power to make or break nations. Colin Todhunter explains
... [read more]

As Colonel Gaddafi’s regime enters its final days, Brian Becker looks at NATOs involvement in bolstering the rebel movement and the truth behind the so called campaign of ‘humanitarian intervention’ ... [read more]

Mick Brooks compares the 'boom and bust' economics of the past twenty years with similar patterns in the 1920s and 1930s: once again it is the poorer nations that stand to lose the most.... [read more]

Political commentators have long been puzzled by the fact that, right across the globe and for several decades, the political left has been in retreat and – more than that – has apparently been unable to mount any significant challenge to the growing neo-liberal hegemony which has dominated western democracies since the 1980s... [read more]

Divide et impera – "divide and rule" – since Roman times this has been a guiding principle of every regime that suppresses another people. In this the Israeli authorities have been incredibly successful.... [read more]

The leaked Panama Papers, from the Panamanian law firm Mossack Fonseca & Co, are spilling the beans on the details of what the rich, powerful and greedy get up to with unseemly amounts of dosh... [read more]

The war was over. Families returned to their kibbutzim near Gaza. Kindergartens opened up again. A ceasefire was in force and extended again and again. Obviously, both sides were exhausted.... [read more]

Many individuals in the Western nations are still great at invention, but innovation — defined as the transfer of these inventions to the factory floor — has generally failed in the West... [read more]

Recently a young worker and member of the Leeds Marxist Society, Ben Curry, travelled to Cuba as an international delegate to the May Day celebrations. We publish below his thoughts on what is happening in Cuba... [read more]

The Indian Oil and Environment minister has added fuel to the debate about genetically modified organisms (GMOs) by approving field trials of 200 GM food crops on behalf of companies like Monsanto... [read more]

The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust... [read more]

Workfare has been in the news again this week. The Supreme Court ruled for Cait Reilly and against the DWP on three out of four counts, and yet IDS declared that the Department had "won" the case... [read more]

According to a recent article in the New York Times two of the candidates running for mayor of New York have become alarmed about the worldview of Bill de Blasio, the front running candidate of the Democratic Party... [read more]

Former British Prime Minister's fee market policies paved the way for current economic crisis and she legislated the UK’s first new anti-gay law in over 100 years: Section 28, writes Peter Tatchell, Director, Peter Tatchell Foundation.... [read more]

It has been a big year for the English health service, for the wrong reasons. With so much happening so fast, Alex Nunns of the NHS Support Federation pulls together the strands to explain what is really going on in the NHS... [read more]

Thomas Riggins gives an analysis of Chapter Four of Lenin's 'Left Wing' Communism: an Infantile Disorder and describes the Bolsheviks' struggle against both 'opportunism' and 'petty-bourgeois revolulutionism'... [read more]

The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers — but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives, argues Ellen Brown.... [read more]

LPJ's arts correspondent and resident philosopher, Stephen Gilbert, comments that an emphasis on celebrity is the prevailing television flavour of the age, infecting every genre of programming, whether appropriate or not... [read more]

Ayn Rand’s ideas have become the Marxism of the new right, she may have died 30 years ago but the belief system constructed by her has never been more popular or influential, says George Monbiot.
... [read more]

The capitulation by Labour to the austerity and cuts agenda of the Tories and the right-wing press has been confirmed by shadow chancellor Ed Balls' statement that Labour would not be able to reverse the Tory cuts and would maintain the pay freeze within the public sector if they come to power at the next election, says John Wight.... [read more]

It’s a great irony that although human beings, as distinct from other animals, are characterised by their ability for rational thinking, so much of our behaviour is irrational, argues John Green.... [read more]

No2VAG has a legitimate right to be heard by the NLWA, as Ellen Graubart explains. The campaign group has requested a hearing at the Authority's meetings, and three times the group has been refused.... [read more]

At a time when the poorest are being hit hardest, W Stephen Gilbert comments on the obsence bonuses enjoyed by those at the top echelons of the financial sector and puts paid to the reasons most commonly used to justify such unfair practice.... [read more]

With politicians and financial experts grasping at straws in their efforts to resolve the worst economic crisis in decades, Mick Brooks outlines the case for the nationalisation of the banking system.... [read more]

Luke Aldred argues the current economic crisis represents a perfect opportunity for the British government to implement far-reaching changes to make Britain greener and more sustainable.... [read more]